Fill in the blanks below with the word “debit” or “credit.”a. The balance of an asset account increases with a _________ and decreases with a _________ .b. The balance of a liability account increases with a _________ and decreases with a _________ .c. The balance of a stockholders’ equity account increases with a _________ and decreases with _________ .d. The balance of a revenue account increases with a _________ and decreases with a _________ .e. The balance of an expense account increases with a _________ and decreases with a _________ .

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.